liability insurance meaning, definition, what is liability insurance: insurance against damage or injury cause...: Learn more.
The meaning of PUBLIC LIABILITY INSURANCE is insurance to protect businessmen (as owners or landlords) against loss due to legal liability for injury or damage to the persons or property of the public.
The meaning of AUTOMOBILE LIABILITY INSURANCE is insurance against loss from or legal liability for damages arising out of ownership, maintenance, or operation of a motor vehicle.
General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust; Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life...
otherwise.unlimited liability(=when someone is responsible for damages or debts for the full amount of money)Under the agreement, the insurance company has unlimited liability.legal liability(=responsibility for something that is covered by laws)What is the legal liability of an employer in the even...
Bankers Professional Liability insurance is designed to protect financial institutions, such as banks and credit unions, from claims and lawsuits filed by their customers or clients. These claims can arise from alleged errors, omissions, or negligence in providing financial services or advice. BPL insu...
Property Insurance is defined in Section 6.10(a). general insurance business means any class of insurance business other than long-term insurance business; First party insurance means an insurance policy or contract in which the insurer Company Insurance Policies has the meaning set forth in Section...
Medical payments coverage, Coverage F, is also usually lumped together with personal liability insurance. Also known as guest medical coverage, this coverage can help pay for a guest’s medical bills regardless of negligence. Meaning, it doesn’t matter who is at fault for the injuries, your ...
Business liability insurance protects the financial interests of companies and business owners in the event that they face formal lawsuits or any third-party claims. Such policies cover any direct financial liabilities incurred, as well as anylegal defenseexpenses. The three main types of business lia...
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